# PPP loan: M. SCHER & SON INC.
> **$192K** approved 01/29/2021 · Paid in Full · Loan `8529448305`
## Borrower
- **Name:** M. SCHER & SON INC.
- **Address:** 1 Prospect Ave, Albany, NY, 12206-2239
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $192K
- **Initial approval:** $192K
- **Forgiven:** $193K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $192K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Pioneer Bank, National Association
- **Servicing:** Pioneer Bank, National Association (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*